FloorFound Raises $10.5M to Expand Recommerce Model

| Mike O'Brien

FloorFound, an Austin-based startup that provides the means for retailers to resell large, bulky returns, has raised $10.5 million in a new funding round to help drive its expansion both geographically and in terms of the categories it handles as it rides the recommerce wave.

Exotec Builds Its 3,000th Robot

| developer

Croix, France, May 13, 2022 — Exotec just announced it had built its 3,000th robot. These robots can reach a height of 36 feet to enable high-density inventory storage and … Continue Reading →

Ryder System Inc. Target of Takeover Bid by Private Equity Firm

| Mike O'Brien

Ryder System Inc. has become the target of a takeover bid by Miami-based private equity firm HG Vora Capital Management, at a proposed price of $86 per share, a 28.4% premium to its 30-day average, according to an SEC filing. Ryder, whose stock surged in response, has itself has been acquiring 3PL assets and investing in technology.